I do not mean to be curt with you, but you should short silver with all of the muster you can bear–immediately. When is a good time to short silver?
Anytime.
Consider this: silver sucks. Even more so, silver miners are the very worst investments over the past 12 months, save fraudulent education scams.
Do I have proof?
Of course!
One of the many things creative people do when they are bored is build things. Unfortunately, my creativity has been stymied over the past year due to the never-ending, tedious, development of PPT 2, which I am told is no more than 50 years away from completion. Nevertheless, before iBankCoin became moribund, stuck in amber, I developed a tool (still in BETA aka not for public use) that tracks correlation between individual stocks/industries to the S&P 500.
Observe silver.
Look at the last column and you will see that silver has underperformed the SPY by more than 40% over the past 12 months.
The raw commodity itself faired better, but still sucks.
The underperformance is 14% less than what the dastardly miners have ccomplished, which proves my points exactly.
What are my points?
- If you must own silver, buy silver and not a miner.
- Silver sucks.
- The trend is your friend.
Disclosure: I am short AG